Direct Student Loans: Overpayments During the Department of Education's Conversion to a New Payment System

Pursuant to a congressional request, GAO reviewed reports of erroneous Department of Education payments to schools participating in the William D. Ford Federal Direct Loan Program (FDLP) during the conversion to a new computerized payment system, focusing on: (1) the transition from the old payment system to the new payment system; and (2) whether the Department erroneously disbursed $400 million to schools participating in the direct loan program during the conversion.